Business Activity Archives - Church Executive


The Employee Retention Credit: an overview for ministries

By Mark Landrigan, CPA Nonprofit churches, schools, colleges, camps and ministries are among those who could benefit from a payroll tax credit that offers financial relief during the coronavirus pandemic. Here is an overview of the federal Employee Retention Credit, its eligibility requirements, and how to claim the credit. What is the ERC? The Employee […]

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A house built on sand: 5 hidden exposures for churches

Save your parish from common, costly claims with proper preparation and protection By Shawn Yingling The historic events of the past 12 months have deeply impacted religious organizations everywhere. Chances are, you’ve had to find new ways to share scripture while social distancing, learn how respond to an increasing need for community assistance, and adapt […]

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Who will make your decisions if you are medically incapacitated?

By Matthew D. Hoffman, CFP®, ChFC® If you become incapacitated by either illness or injury, who will make your decisions?  This is something that we don’t normally think about, especially if we are young and healthy. But even though it might be a bit unsettling to picture yourself becoming incapacitated, it is a stark reality, […]

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What the second round of PPP loans means for churches — and how to secure funding

  After much political drama, the Consolidated Appropriations Act of 2021 (CAA) has been approved by Congress and signed by the President. It includes $284 billion dollars for a second round of Paycheck Protection Program (PPP) Loans for which churches and nonprofits are eligible to apply through participating banks. Your banker might be slow to begin […]

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Managing the added expenses involved with reopening your church

As we begin the new year, the country will already have witnessed health care workers and others receiving the first vaccines developed to protect us against COVID-19. It is a testament to science — and, I believe, a miracle — that a vaccine has been developed so swiftly.  Nevertheless, it will be later this year […]

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Leading during disruption: 2020

No one was — or could have been — prepared for what was coming with COVID-19. But, for better or worse, there’s no substitute for experience. In this spirit, we asked several church executives who have graced our cover in the past few years to reflect on leading during disruption. How have they and their […]

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Blessed under trial

With preparation, persistence and wise collaboration, Bridgeway is saving $450,000+ in yearly interest — even amid a pandemic By RaeAnn Slaybaugh Heidi Coughran has spent most of her career in church operations. She says it’s “exactly my wheelhouse.” So, when the opportunity arose in 2015 to join the staff at her beloved home church — […]

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Women, money and gender bias

By Ania Norori, MBA, ChFC® Over the past 70 years, women’s participation in the U.S. workforce has grown significantly. Although they are working more hours and earning higher degrees, women continue to earn less than their male counterparts. Gender plays a role in compensation overall in the U.S. population; however, it is more pronounced for […]

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RESPONDING TO AN ALLEGATION

How to navigate a sexual abuse crisis at your church By Gregory Love & Kimberlee Norris The headline stunned the congregation of a large Protestant church: Church Rocked by Sexual Abuse Allegations. Church leaders took hundreds of phone calls from members, media representatives and advocacy groups. Social media coverage was immediate and savage, assuming the […]

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The benefits of unitized accounting in managing long-term investment pools at churches

By Kip Meadows Most churches are set up well to handle the day-to-day business aspects of their operations. Otherwise, the doors could not open and welcome the congregants. It is the rare individual congregation, however, who’s well-equipped to handle long-term funds, either endowment gifts or retirement accounts, for personnel or other longer-term capital accounts. Even […]

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